The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-04-02
BUSINESS BAROMETER.
the GENERAL STATE OF TRADE.
weather In tho South. .FetardIng aIovsmsn,
Of Goods-Thc Eject Of tbs Inter.
State Commerce Msasure-Ths
Showing OF tho Hank Clenrings,

NkW toRk, April Tx. &. Dun &
TO-, In their weekly trade review say:
With three Inches Of anow In virginia
roads In many sections are almost impass.
able, aud In Canada railroads are blocked
by drifts, and the distribution OF products
ls made with difficulty. But for the ex.
traordinary demand to anticipate the
Interstate act, and It's change OF ration
this ratarding weather would have been
more seriously felt; as 1t is, dry goods and
boot and shoe dealers complain That from,
regions buried In the snow small nrdsrs
come for summer clothing, and The deon
mud and bad roads In many States nrreat
movements OF produce. Buniness the past
month has been remarkably large not
only at Now York and Boston but Chieaoo
reports phenomenal trade and other cities
as we'll. Largely this business has been
In anticipation Of demands for co daya IN
come, or more. Hence, 1t is scarcely nossi.
bic that noteworthy unreasonable reactinr
should not be felt. = '''''oA '''1
The opinion grows that the Interstate
Commerce act will help railroads rathcr
than commerce.. Its evident tendency Ia
to cause lower charges on local traffic
which Is smaller and higher charges m
long through traffic, which for important
roads Is larger. Neither uncertainty nor
activity in toe markets, under euch cir.
cumstauces, Indicates much for the IN.
ture. = - -
Wheat has risen over ,one cent
with sales ol 5000, 900 bushels for the
week, exports continuing heavy. Corn,
oats, oil and pork products, sugar and tea
have scarcely changed with moderate
dealings. Coffee advanced a quarter OF A
cent. Cattle and wool are weaker, with
tin and copper. Cotton has doomed with
salea OF l,09S, 200 bales at Now York in
six days. Print cloths are barely
$3.50 cents, with only lGs,OOO pieces
In sight against l,5S4,O0O pieces
thirty days ago. Iron is weaker ut Phila.
delphia and Pittsburgh. The collapse OF
the coal combination and higher and
fixed rates Tor transporting coal do moi
encourage consumers. Whether the bank
cleariDgs outside Of Now York ranging
above last years indicate more than a
temporary activity, cannot yet be Judged. :.
But the great reduction Of rates on the
canadian canals Tor shipments to Cana.
dian ports, and the attitude OF the Grand
Trunk toward other trunk lines, fore.
shadow sharper competition between
Canadian and New York forwarding mar
chants as other new arrangements iudi.
cate manufacturing development in
Canada.
With April settlements over large
amounts OF money usually return hither,
and this year the amount at Boston has
been as usual, dividends payable there
reaching s7,eG2. .04S, against s., ,O6l, lilo last
year.
Money has ranged from 8 to 8 Der cant
Tor the week, but operations to cause string.
ency will now be increasingly difficult
every day, unless an unusual outpo OF
money should set in 80 in 1884, in place OF
the return customary in April.
The failures during the first quarter of
1857 were smsller than in 1856, 1855 or
1854, but the aggregate Of liabilities was
larger than last year, not because of A
general enlarging Of indebtedness, but be.
cause few unusually heavy failures were
included. Failures in the last seven days
number for the United States 1906, Canada
q; total 223, with 259 last week and olI
the corresponding week last year.